Jon Hellevig — Study: Russia’s Economy Resilient in Face of Sanctions

A recent study titled Putin 2000 – 2014, Midterm Interim Results by Awara Group, a Russia-based consulting firm, shows that Russia’s economy is not as dependent on oil and gas as is commonly claimed. 

Having researched the development of key indicators of the economy from 2000 to 2013, the authors of the study want to debunk the media story that Russia’s governments under Putin have been supposedly exclusively relying on an economic model based on oil and gas rents while neglecting the need to modernize and diversify the economy. 

It turns out that quite the opposite is true. The crisis-torn economy battered by years of robber capitalism and anarchy of the 1990’s, which Putin inherited in 2000, has now reached sufficient maturity to justify a belief that Russia can make the industrial breakthrough that the President has announced.

The study reveals a range of impressive indicators on the development of the economy between 2000 and 2013 and the health of the Russian economy…

Russia Insider
Study: Russia’s Economy Resilient in Face of Sanctions
Jon Hellevig | managing partner of Awara Group